Finance Director

via Robert Half
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https://dbzstatic-a.akamaihd.net/.dist_41fcb6643f48d6c828a90a42e92d3a0e3f0e9979/ 9459149

Details: Posted on: 11th December 2017

  • Company Name: Robert Half
  • Employment Type: Full Time
  • Monthly Salary: Unspecified
  • Minimum Work Experience: 0-1 Years
  • Minimum Education Level: N/A
  • Listed By: Employer
  • Career Level: Executive/Director



Finance Director

The Role

An International Tier 1 Banking group are looking for a technically gifted Vice President to manage the statutory, regulatory and tax reporting requirements for the Saudi entity.

You will be responsible for delivering the following duties;

Regulatory Reporting.

Monthly Capital Adequacy Module (CAM) report to the CMA prudential department
Monthly financial to the CMA prudential department
Annual Pillar 3 report to the CMA
Annual Internal Capital Adequacy Assessment Procedure (ICAAP) report to the CMA prudential department
Quarterly Investment funds report to CMA
Annual Business Disclosure Report to CMA
Responding to CMA questions re our financial and business results.
Updating public website required by the CMA
Monitoring of daily and monthly brokerage and position reports to the Tadawul and CMA

Financial reporting

Annual Financial Statements in Saudi GAAP (IFRS)
Managing annual external audit of financial by PWC
Submission of Arabic language Audited Annual Financial to CMA, Ministry of Commerce and Investment (MOCI) and Saudi Arabian General Investment Authority (SAGIA)
Posting Arabic financial to the public website
Maintaining monthly trail balance and journals per General Ledger account in Arabic
Implementation of IFRS reporting
Accounting policy and monitoring and control of daily brokerage, trading accounting and underwriting accounting input
Monthly analysis of journals, trial balance and expense GL accounts.
Monthly monitoring of transfer pricing
Commission and revenue monitoring and analysis
Daily monitoring of Securities MTM and accounting for trading and hedge positions.

Tax reporting and compliance

Preparation of monthly withholding tax returns
Co-ordinating the monthly withholding tax return submission to tax authorities (DZIT)in Arabic
Co-ordinating the annual tax return, tax audit of annual externally audited financials and submission to DZIT in Arabic of annual tax return
Responding to DZIT audits of past tax returns and preparing and providing documentation and analysis
Implementation of VAT and preparation of monthly returns.
Implementation of OECD Common Reporting Standards requirements and associated reporting to DZIT
Other miscellaneous tax reports


Quarterly financial reporting to the Board of Directors (BOD)
Presentation of quarterly liquidity reports to the BOD
Presentation of quarterly financials to the Business Review Group (BRG)
MENA region monthly franchise revenue analysis by country, product and client
Quarterly MENA revenue and expense presentation
Daily funding monitoring
Daily Saudi bank accounts monitoring and interfacing with treasury and treasury operations.
Maintenance and monitoring of HSBC net
Payments of Withholding taxes, Income taxes and locally required payments through Riyadh bank accounts.
Payroll funding and total net payments authorisation.

The successful candidate must have passed the CMA examinations CME 1 Parts 1 and 2.
Accounting qualification and accounting background preferably in a CMA Authorised Person (AP) (CMA licensed entity) in Saudi Arabia working for a big four accounting firm with Authorised Person auditing experience.
Arabic language necessary
Candidate must be highly motivated, with commercial focus and strong analytical and communication skills.

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